Posts tagged: Inmarsat

Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 9

Tuesday, 3 December 2019, 7:53 am

That's the end of that, then.

The hedgies attempt to squeeze some extra cash out of Apax, Warburg Pincus and the Canadian pension funds for Inmarsat ends as a damp squib after they effectively folded in this game of poker by withdrawaing their joint legal action at today's hearing at the Court to sanction the Scheme of Arrangment. Below is the link:..

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Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 8

Monday, 2 December 2019, 9:05 pm

To the Court for tomorrow's hearing to sanction Warburg Pincus and Apax's Scheme of Arrangement to take Inmarsat private.

The judge may be confronted by a bunch of angry hedgies who have been arguing the private equity firms should pay more or attach a contigent value right aspect to their deal because of developments in the US sattelite industry may mean Inmarsat is worth significantly more...

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Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 5

Wednesday, 20 November 2019, 4:21 pm

Inmarsat's board is facing another shareholder backlash after it emerged that investors controlling 17pc of the company have written to the FTSE 250-listed business, arguing it should delay the sale of the business or even appoint an independent financial adviser to review the £2.6 billion takeover offer from Apax and Warburg Pincus amid questions about a "conflict of interest"...

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Tags: Inmarsat
Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 4

Thursday, 10 October 2019, 10:56 am

Yesterday Nicky Morgan - the culture secretary - declared she is minded to approve Apax and Waburg Pincus's £2.7 billion takeover of Inmarsat.

Now, that actually dissapointed some punters, who were rather hoping the regulatory authorities would carry out a more in depth investigation into the buy-out...

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Tags: Inmarsat

More M&A on the way in Britain post Brexit deal, top fund manager tells the Telegraph

Saturday, 29 June 2019, 9:16 am

Tucked away in the back of the business section of my old employer - The Daily Telegraph - are some rather interesting comments from Gervais Williams, the respected fund manager, about the prospect of a pick up in dealmaking.

Williams, who runs the Diverse Income invesmtent trust - told Richard Evans, a rather nice former ex-colleague who writes the Questor column- that London-listed companies are at "unusually attractive valuations"...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...- Part 3

Tuesday, 21 May 2019, 7:21 pm

Arbitrageurs breathed a huge sigh of relief after the Scheme of Arrangement to take Inmarsat private scraped through with just 78.9pc of shareholders giving it the green light.

So who was it that voted against the deal completing?

According to one mole, Norges - the Norwegiant investor that owns around 3pc of Inmarsat - voted against approving the Scheme.

There is also talk a well-known British institutional investor also disapproved although it's not clear why...

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"Chinese walls"...

Friday, 26 April 2019, 6:24 pm

Mark Kleinman's piece about the private equity firms that looked and then ditched a counterbid for London-listed Inmarsat caught Betaville's eye today.

Loyal readers might be wondering why given the central premise of the story is that, er, nothing is happening.

Well, for a start pieces about old deals that never got off the ground can show future intentions, so for M&A watchers these stories can provide vital clues for the mosaic theory...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...

Tuesday, 19 March 2019, 5:01 pm

Private equity firms are said to be circling Inmarsat, the London-listed satellite company.

People claiming to be familiar with the matter said Apax and Warburg Pincus are rumoured to be working on a plan to take Inmarsat private.

However, it's not clear whether the private equity firms have submitted a formal offer to Inmarsat's board - although one person claiming to be familiar with the matter suggested there is speculation an approach may be imminent...

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Tags: Inmarsat